crappymcgee, Home Seller in Auburn, MA

Buying & Selling from same realtor

Asked by crappymcgee, Auburn, MA Mon Jan 21, 2013

Hi There -- We are currently working with a realty group that is listing our home for sale (our sellers agent). We are working with another agent from the same group who will be assisting us in purchasing our new home (our buyers agent). We are now very interested in a property that is listed through our seller's agent. Would we have any bargaining power in terms of comission from either the sale of our home or the purchase of our new home since they are all three through the same office, and two through the same agent?

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What have the real esate professionals done that makes you want to claim part of their commission?

If you calculate the time they have spent with you and the time they'll put in until the closing, what are their hourly rates?



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1 vote Thank Flag Link Wed Jan 23, 2013
Why wouldn't you of used your selling agent as your buying agent in the first place, as at the time you did not know that you would of been interested in a home he had listed?

Your question should be directed at the agents and brokerage company involved as there is not one person in this forum that can give you the answer as to what they will do. Mac is right - what bargining power do you have??? Not to buy the house, not to sell your home, use a different office? You have signed contracts with them already?
1 vote Thank Flag Link Mon Jan 21, 2013
What would that bargaining power be, CMG? How much are we talking about here?
0 votes Thank Flag Link Mon Jan 21, 2013
The possibility of selling with, being represented as a buyer and buying a Listing from the same firm and the impact of doing so with regard to commission should have been discussed with you before they took the Listing. It should also be disclosed in MLS.

With that being said, there is nothing preventing you from inquiring about a variable commission rate, but the decision to agree to it or not, is up to the Broker/Owner, not the individual Agents.

Best of luck!

j
0 votes Thank Flag Link Mon Jan 21, 2013
Alot will depend upon the type of agency the office pratices. There should've been a document disclosing this to you upon your first working with them. Dual agency or designated agency. I agree that you can always ask for a discount but alot will depend upon the broker of record (owner or corporation) of the office. You could ask your buyers agent and attorney for guidance in these issues so you understand what your options are and what you've contracted for.
0 votes Thank Flag Link Mon Jan 21, 2013
I agree with Judy - in the interest of full disclosure and just good business practice in general, I find things always end best when all parties discuss these things up front. The agency your working with will probably be very receptive to your suggestion and will appreciate where you're coming from - they're in the business of making people happy and building more business, after all!
0 votes Thank Flag Link Mon Jan 21, 2013
Hi crappymcgee,

I recommend discussing this with both of your agents and possibly even their "Broker of Record." Some firms can and will make it worthwhile for you.

Good luck!!
0 votes Thank Flag Link Mon Jan 21, 2013
If the seller's agent does not know that you're working with the buyer's agent, you can submit your offer anonymously without revealing your names. It is difficult to imagine that the buyer's agent would be able to represent you well if your identify was revealed. You should ask for a break in commission, to be credited to the purchase (perhaps you can ask that it be credited to the closing costs) but that is likely to come from the broker, not either agent.
0 votes Thank Flag Link Mon Jan 21, 2013
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